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8 Best Forex Brokers in North Korea

Last Update: June 26th, 2024

Best Forex Brokers in North Korea

 

The 8 Best Forex Brokers in North Korea – Rated and Reviewed. We have listed the best Forex Brokers accepting North Korean traders,

 

In this in-depth guide you will learn:

 

  • The Best Forex Brokers in North Korea – a List.
  • Best Forex Brokers For Trading With North Korean Won
  • Best Asian Forex Brokers 
  • The Best Forex Trading Platforms for Beginners
  • Is Forex Trading legal in North Korea?

 

and much, MUCH more!

 

10 Best Forex Brokers in North Korea

 

8 Best Forex Brokers in North Korea – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Korean Traders💴 Min. Deposit
🥇 CMC Markets👉 Click Here✅YesNone
🥈 Tickmill👉 Click Here✅Yes100 USD
🥉 FP Markets👉 Click Here✅YesAU$100
🏅 IC Markets👉 Click Here✅Yes200 USD
🎖️ Moneta Markets👉 Click Here✅Yes50 USD
🥇 FXTM👉 Click Here✅Yes10 USD
🥈 BDSwiss👉 Click Here✅Yes10 USD
🥉 IG👉 Click Here✅Yes50 USD

 

8 Best Forex Brokers in North Korea (2024)

 

  1. ☑️ CMC Markets – Overall, the Best Forex Broker in Korea.
  2. ☑️ Tickmill – Low  Minimum Deposit.
  3. ☑️ FP MarketsHigh Korean Trust Score.
  4. ☑️ IC Markets – Low Forex Commissions and tight spreads.
  5. ☑️ Moneta Markets – Seamless deposit and withdrawal.
  6. ☑️ FXTM – Best Forex Broker for Beginners.
  7. ☑️ BDSwiss – Best Forex Broker for Professionals.
  8. ☑️ IG – Feature-rich and Customizable Proprietary Platform.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a well-regarded Forex Broker, monitored by numerous Tier-1 agencies. BaFin, FCA, ASIC, MAS, FMA, IIROC, and,  DFSA regulate it. Trading Platforms offered are MetaTrader 4, Next Generation, and CMC Markets App.

Moreover, Account types include CFD, Spread Betting, and, Corporate. A Minimum deposit is not required.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

CMC Markets suites all Brokers. Beginners will benefit from a variety of instructional articles and a demo account.

 

Tickmill Review

 

Tickmill

Tickmill is a prominent Forex and CFD broker that adheres to strict regulatory standards. Spreads from 0.0 pips are offered on the Pro and VIP Accounts. Trading Platforms are MetaTrader 4, MetaTrader 5, and, the Tickmill App.

The minimum deposit is 100 USD.

 

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

Beginners will benefit from multiple accounts and trading platforms. However, Customer Support is only offered 24/5.

 

FP Markets

 

FP Markets

FP Markets is a trustworthy, highly regulated Forex Broker. ASIC, CySEC, FSCA, FSA, and, the FSC regulate it. It provides over 10,000 trading products, including Forex, indices, commodities, and, stocks

The minimum deposit is AU$100.

 

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight Spreads Withdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

FP Markets suite all traders. Moreover, it provides 24/7 Customer Support.

 

IC Markets Review

 

IC Markets

IC Markets is a powerful Forex and CFD broker regulated by ASIC, CySEC, FSA, and, the SCB. It provides an extensive range of financial instruments including forex, commodities, indices, and, bonds.

The Minimum deposit is 200 USD.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

Beginners will benefit from Social Trading via ZuluTrade and IC Social. Moreover, Professionals can select Signal Start. A sophisticated trading system that automates the sourcing of signals. However, the minimum deposit is high.

 

Moneta Markets Review

 

Moneta Markets

Moneta Markets is a trusted and well-regulated Forex Broker. It provides access to over 1,000 assets. Moreover, copy and mobile trading are provided.

The minimum deposit is 50 USD.

 

🔎 Broker🥇 Moneta Markets
📈 Established Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education

 

Our Insights

Moneta Markets suit all traders. Beginners will benefit from multilingual customer support.

 

FXTM Review

 

FXTM

FXTM is licensed and regulated by respectable financial regulators, including CySEC and the FCA. Moreover, it provides a complete mobile trading experience via the FXTM Trader App.

The minimum deposit is 10 USD.

 

🔎 Broker🥇 FXTM
💴 Minimum Deposit10 USD
💵 Inactivity Fee$5 after 6 months of inactivity
🎁 BonusesReferral bonus
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
📌 Account TypesMicro, Advantage, Advantage Plus
💷 Base CurrenciesUSD, EUR, GBP, NGN
🚀 Open an Account👉 Click Here

 

FXTM Review

 

Pros and Cons

 

✅ Pros ❌ Cons
Micro Account for BeginnersInactivity Fee
Dedicated customer support teamsFees apply to most withdrawal methods

 

Our Insights

FXTM suits all traders. However, Beginners will benefit from the Micro and Demo Accounts.

 

BDSwiss

 

BDSwiss

BDSwiss is a trustworthy and highly regulated Forex Broker. Accounts include Cent, Classic, VIP, Zero Spread, Islamic, and Demo. Proprietary Platforms include BDSwiss Web and BDSwiss Mobile.

The minimum deposit is 10 USD.

 

🔎 Broker🥇 BDSwiss
📈 RegulationCySEC, FSC, FSA, BaFin, Mwali International Services Authority
📉 Trading PlatformsMetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile
💴 Minimum Deposit10 USD
⏰ Support Hours24/5
⚙️ Account TypesCent, Classic, VIP, Zero Spread, Islamic, Demo
🆓 Demo Account✅Yes
☪️ Islamic Account✅Yes
📊 Leverage1:2000
🚀 Open an Account
👉 Click Here

 

BDSwiss

 

Pros and Cons

 

✅ Pros❌ Cons
BDSwiss offers an impressive number of markets that can be tradedThere is an inactivity fee applied to dormant accounts
There are account levels for all types of tradersThe spreads on popular accounts are wide, starting from 1.5 pips
BDSwiss is a highly reputable, award-winning broker regulated globallyCommission fees apply to all account types

 

Our Insights

BDSwiss suits all traders. Beginners will benefit from the Cent, Classic, and, Demo Accounts. Moreover, the minimum deposit is low.

 

IG Review

 

IG

IG is a Trusted Forex Broker with over 45 Years of experience. 13 Regulators govern and license IG. Moreover, 7 Account types are available.

The minimum deposit is 50 USD.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

IG best suits Professionals. It provides a wide range of trading platforms and account types.

 

Forex Trading North Korea

 

Can you trade the Korean Won in Forex?

The Korean Won is fully convertible. It is frequently traded against other global currencies, including the Japanese yen (JPY), the Euro (EUR), and the U.S. dollar (USD).

 

Can you trade Korean Won in Forex?

 

In Conclusion

Multiple Globally Regulated Forex Brokers accept local North Korean investors.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

Trading Forex is Legal in North Korea. Moreover, it falls under strict regulation of the North Korean government.

 

You might also like:

 

 

FAQs

CMC Markets is regulated by top-tier agencies such as the Financial Conduct Authority (FCA) in the United Kingdom.

Tickmill provides an Islamic swap-free option.

FP Markets provides excellent 24/7 customer support.

The minimum deposit for IC Markets is 200 USD.

MetaTrader 4, MetaTrader 5, and, ProTrader.

FXTM provides the FXTM Trader app.

Zurich, Switzerland

IG offers traders access to over 17,000 markets

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